Niocorp Developments Ltd (NB)

[chico237]

LPO Announces Conditional Commitment to Ioneer Rhyolite Ridge to Advance Domestic Production of Lithium and Boron, Boost U.S. Battery Supply Chain
JANUARY 13, 2023
https://www.energy.gov/lpo/articles/lpo-announces-conditional-commitment-ioneer-rhyolite-ridge-advance-domestic-production

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has offered a conditional commitment to lend up to $700 million to Ioneer Rhyolite Ridge LLC to develop a domestic supply of lithium carbonate for electric vehicle (EV) batteries from the Rhyolite Ridge Lithium-Boron Project (Rhyolite Ridge) in Esmeralda County, Nevada. The project is being developed by ioneer ltd (Ioneer). If finalized, LPO’s loan to the Rhyolite Ridge project would finance the on-site processing of lithium carbonate that could potentially support production of lithium for approximately 370,000 EVs each year. This project could reduce annual gasoline consumption by nearly 145 million gallons, and prevent the release of 1.29 million tons of carbon dioxide each year. The Rhyolite Ridge project is projected to create up to 600 construction jobs and approximately 250-300 operations jobs.

Developing a U.S. supply chain for these materials is a national priority as the country works toward energy independence. Earlier this year, the DOE announced a comprehensive strategy to secure America’s clean energy supply chain. A core focus within the strategy is increasing the availability of the critical materials that are essential components of the clean energy technologies necessary for reaching national climate and economic goals.

Onshoring the critical materials supply chain is an important step toward energy independence, lower costs for American consumers, and protection from global supply bottlenecks. While this conditional commitment demonstrates LPO’s intent to finance the project, a final loan is contingent on the project meeting numerous conditions related to environmental review, finances, and technical due diligence.

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Perhaps NIOCORP will get some cheese & one of these DOE STICKER THINGS! Touting NIOBIUM, SCANDIUM, TITANIUM & REE's Critcial Minerals??
GO Team Niocorp!!!
Chico